“Yes.”
Benett’s answer was so decisive that Greenspaner had no choice but to accept it.
“The real estate industry in the United States has continued to rise for the past 10 years. Over the past 10 years, too many economic derivatives have emerged. Personal credit contracts being sold as futures in the subprime market is just one of the most represented ones, but it is not everything.”
“The root of the problem is that the real estate industry bubble in the United States has overheated. Even without Jasper, it might have burst 5 or 8 years later. But sooner or later, it would have broken down, be it now, 5 years, 8 years, or even 10 years later.”
“Just before it bursts, it would appear that everyone can make money in this industry, but economic laws tell us that every bubble will burst one day, and there won’t be an industry that makes endless profits.”
“So, its situation is difficult to recover from.”
Benett’s words made Greenspaner look depressed. He said, “You have the same views as us. It seems that this is indeed a failure on my part. ”
“You served for two consecutive terms as chair of the Central Bank. During these two terms, you sent away 2 heads of office and 3 heads of finance. The determination of economic policies is based on local conditions and timing, so it’s not your fault.” Benett comforted.
Greenspaner suddenly spoke after favonovel.com smiled at Benett, “Thank you for comforting me… As far as I know, your relationship with Jasper Laine is very good, isn’t it?”
Benett replied calmly, “Not really, but I admire him.”
Greenspaner interlaced his fingers and said softly, “Mr. Benett, forgive me for my frankness and straightforwardness. You have a very special position in the eyes of investors across the country, so I hope you can do something beneficial to the market at the right time so market confidence at least won’t crumble so fast. ”
Benett frowned. This undoubtedly meant that Greenspaner was asking favonovel.com to sacrifice the reputation and fame favonovel.com had worked so hard to build over his entire life. Just as favonovel.com was about to refuse, Greenspaner said, “In exchange, I will nominate you to serve as vice-chair of the Federal Reserve after I step down, which is Janet’s current position.”
These words immediately caused Benett to swallow his initial refusal.
Greenspaner continued, “You know, the United States is a free country. The people are free, we have human rights, and capital is also free, but there is a limit to freedom. While we are free, we also need to be bound by a system, and this system is the foundation to protect the interests of the people of the United States from harm.”
“So even if you admire Jasper, you can’t let favonovel.com completely destroy our system, otherwise it will be difficult for you and me to give the people an explanation, right?”
These words dissipated the last bit of struggle left in Benett. “I understand,” Benett said softly.
With a chuckle, Greenspaner stood up, walked to Benett, and stretched out his hand. He said, “Then I’ll wish us a happy cooperation tomorrow.”
Holding Greenspaner’s hand, Benett hesitated for a moment. He replied, “The subprime market will be reopened in another ten hours. Can you tell me how confident you are of completely defeating Jasper?”
Greenspaner chuckled and said, “As long as we want to destroy someone on this planet, that person would not be able to survive. After all, we are the United States, and we have the most powerful military and economic power on this planet, right?”
